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May 13, 2024 - X22 Report
22:24
Ep 3352a - Inflation Manipulation In Progress, [CB]/Biden Push DOJ To Stop Bitcoin, Panic
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You're listening to The X-22 Report.
My name is Dave and this is episode 3352A and today's date is May 13th, 2024.
And the title of the episode is Inflation Manipulation in Progress?
Central Bank Biden Pushed DOJ to Stop Bitcoin?
Panic!
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Let's get right into the economic collapse financial news.
Now the deep state, the corrupt politicians, the private Western central bank, the World Economic Forum, you need to remember that they need to make the economy look as best as they possibly can because remember we're coming into the homestretch right now.
The election is approaching and the Biden administration along with the central bank and the World Economic Forum and the rest They need to make it look like the economy is doing absolutely incredible.
Now, once again, since the people understand what's going on in the economy because they feel it every day, they see and they feel the inflation, they see and feel higher fuel costs, they see layoffs.
They might be experiencing it themselves.
They understand that there's major, major problems.
You just can't tell people that, hey, everything is fantastic.
So what they're going to do is they're going to start to manipulate the numbers like we've never seen before.
And this is how they try to convince the people that the economy is absolutely doing fantastic.
So it looks like they're already planning to manipulate the inflation numbers even further.
And how do you do this?
You remove things that you count.
And what happens when you start to remove things?
Let's say we remove fuel and we remove coffee and remove eggs and all of a sudden the inflation starts to go down because you're not counting them anymore!
That's how you can convince the people.
But once again, do you think that's going to work?
No, the people are going to go to the store and go, wow, look how expensive everything.
This is ridiculous.
You see, when people experience it every single day, it's very, very difficult to convince the people that something's happening when it really isn't.
And this is the problem they're going to get into as they continually manipulate the numbers, because all you have to look at is what they've done in the past.
They've been manipulating the numbers from the very, very beginning, the GDP numbers, the inflation numbers, the unemployment numbers.
But again, when you have everything accelerated and you see exactly what's going on, you can manipulate it all you want.
But if everyone is experiencing them, I should say the majority of the people are experiencing it, it doesn't work.
And this is the main problem.
That they're getting into because they can't convince people.
Maybe yes, going back in time, they could say, oh, look, the inflation is not that bad.
Oh, look, unemployment isn't that bad.
But when everything is hitting, hitting the people all at once, it's very, very hard to convince them.
And it doesn't matter what numbers they put out there.
If they put out there is zero inflation, fuel prices aren't going up, everybody has a job.
Do you think everyone would believe them?
No, they wouldn't.
And this is the main problem they're getting into.
The other problem that they're getting into is that people are starting to see the inflation and they're starting to realize that the fiat currency, the Federal Reserve note, the central bank currency, it's losing value every single day and it's very, very noticeable.
And people are doing what?
They are shifting into alternative currencies.
They're shifting into gold.
They're shifting into Bitcoin.
They're shifting into silver because they realize, hey, look what's happening here.
The system's breaking down.
The fiat currency is losing value.
And I need to protect myself one way or another.
And that's exactly what people are doing.
And people have done this in the past.
It's not like the first time this has ever happened.
So people, they're starting to realize what's really going on.
And you can see the central banks around the world, they are ramping up on gold like we've never seen before, because they see the entire system utterly breaking down.
Now, we're going to be talking a lot more about this a little bit later.
But first, let's talk about what's happening out in California, because we were told to watch California.
And if you notice, California is completely imploding.
That's where they went ahead and they pushed their agenda out there.
All the policies, the Green News scam.
Reparations.
Let's get rid of all gas-powered cars.
Let's go to electric.
Let's use solar.
Let's use wind.
Let's do everything they're telling us to do, and we're going to make this state incredible.
Actually, the opposite is happening, and the people, they see it.
Right now, fuel costs, they are skyrocketing.
DC Drano put this out on X and said, hey California Democrats, you like those $7.89 gas prices?
Keep voting blue, you clowns.
And this number is going to continually move up and up and up.
It's not going to stop.
And think about it.
Think about all the things that Newsom has done out in California.
Think about all the policies that he's implemented.
You would think the state right now would be absolutely incredible, right?
This is what they've been telling the people.
We're going to take the policies, the Green New Scam reparations, and we're going to make this state incredible.
We're going to raise the minimum wage.
It's going to be absolutely fantastic.
Well, it's funny because the opposite is happening right now.
Newsom announces proposed $288 billion state budget which could cut thousands of vacant state jobs and funding to more than 200 state programs in order to close the state's $27.6 billion deficit.
So under Newsom's proposal, 260 state programs would also have their funding slashed.
Cuts consist of $2 billion to broadband that would have helped to expand high-speed internet connections.
500 million that was going to be used to improve the state's water storage system.
272 million that would have gone to improving employment services for California welfare system.
Other cuts consist of closing housing units with more than 4,000 beds throughout the 13 prisons in the state, saving almost 81 million.
300 million that was helping to provide state and local health departments with COVID-19 pandemic related help would be slashed.
And yes, they're going to slash many, many other things.
Now, If everything that they were doing was so great, why are they having such a major problem?
Because Everything that they are pushing is going to destroy California.
And this is what people are seeing.
This is how people are seeing the difference.
They're looking at the red states.
They're looking at the blue states.
And they can see the difference very, very clearly.
And it's becoming clearer and clearer every single day.
But you could see with Bidenomics, remember, this is part of their policies.
This is the same thing that California is pushing.
I do believe California is the template for the deep state players, just like Germany is the template out in Europe.
But since Biden has been pushing everything, the Green News game, getting into fossil fuels, printing like crazy, doing all these things, you could see that the people now are struggling.
The Kobisi letter put this out on X and said, shocking stat of the day, 2.1 trillion of excess savings have been wiped out of the U.S. economy.
economy since August 2021.
From March 2020 until August 2021, 2.1 trillion in excess savings were built up after 4 trillion of stimulus.
Since then, households have depleted these savings at a pace of approximately $70 billion per month down to approximately $72 billion in March 2024.
At the same time, U.S.
credit card debt has risen by $330 billion to a record $1.1 trillion.
Saving rates in the U.S.
declined from 3.5% in February to 3.2% in March, the lowest since November 2022.
Savings are now considered a luxury.
People are struggling.
And why are people struggling?
Just look at the inflation.
They've got to take it out of the savings to pay for increased Health insurance, increased auto insurance, increased homeowners.
They have to take more money out because of higher fuel costs.
They have to take more money out because of higher food prices.
The Trump Room on X put this out and said, in the past three years, the average New Jersey family has lost $23,381 to the Biden inflation tax, and the Biden price hikes are continuing to drain over $1,000 from the typical New Jersey family budget every single month.
Hot dogs are up by 22 percent.
Chicken is up by 32 percent.
Hamburgers are up by 37 percent.
Soda is up by 30 percent.
Eggs are up by 50 percent.
Gasoline is up by 50 percent.
Bacon is up by 79 percent.
This is why people are having a problem.
This is why people have to go into their savings just to make ends meet.
So what is Biden prepared to do?
Well, Let's change the calculation so my economy looks fantastic.
That's what he's saying.
Let's change how we calculate everything.
Let's leave a couple things out and it's going to look absolutely incredible.
Again, the people experiencing this every single day.
Let's talk about protecting our wealth.
The dollar has lost 20% of global foreign exchange reserves and our total national debt is fast approaching $35 trillion.
No, our economy is not in great shape.
Those stunning job reports the government releases are part-time jobs.
Our increasing GDP is driven by spending using money we printed.
Our economy is failing and no one is listening.
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So the Bureau of Labor Statistics, they announced coffee prices will no longer be factored into the CPI inflation data.
This is another way the U.S.
government is going to fudge the inflation numbers to help Biden in the middle of the presidential election.
I do believe the central bank, the Fed, they're also going to cut the rates to make it look like everything that he's doing is actually working.
And this is why we're able to cut the rates, which is actually going to have a ripple effect.
And I do believe the market is probably going to come down.
Now the COBC letter, they put this out and said, this is unusual.
The US BLS has announced that coffee prices will no longer be factored into the CPI inflation data.
In fact, the April 2024 CPI inflation report this week will be the first to not include coffee price inflation.
Well, the obvious next step is to see what happens to coffee prices over the last few months.
Since September 2023, coffee prices are up.
A massive 78% from January 1st of this year through the high in April when the change was announced.
Coffee prices gained 35%.
All as Starbucks just reported a 6% decline in traffic as higher prices deter customers.
So yeah, this is what's happening right now.
And they're going to try to manipulate this.
Now, there was a note on this post, and it says that canned coffee is hard to come by now, unlike two decades ago.
There's another category for most of the coffee sold.
It's plastic or canned.
Actually, the index have not been published since 1988.
So the category is for canned coffee only.
So yes, when they start removing this, this is going to affect everything else.
Peter Schiff responded to this and said, After looking at comments, I'm not sure what's going on.
It may be that coffee will still be included in the CPI calculation even if the price rises themselves are no longer specified in the report.
But let's see how this all plays out because we know this is exactly what they do.
They try to manipulate the numbers.
They try to convince people that something's happening when it really isn't.
So I do believe this is probably the first stage.
And of course, what don't you want to do?
You don't want to say, hey, by the way, we're going to remove all coffee, eggs, and everything else.
So you do it very, very slowly.
And I do believe they'll probably do more of this as we get closer and closer to the presidential election to make it look like inflation is completely and utterly under control.
And I do believe this is going to fail in the end.
But we'll have to watch this very, very closely to see how this all plays out.
But you can see, once again, They can't go back on their narrative, on what they've been saying.
They can't all of a sudden say, hey, by the way, yeah, the economy's failing now because they've been telling us that everything is fantastic.
They've been telling the people that they've been creating jobs, inflation's under control, fuel prices are under control, everything is fine.
While it isn't.
So this is going to backfire on them big time.
And they're panicking over Bitcoin.
They're panicking over gold.
And you can see there are countries now that are now ramping up on their gold purchases.
Click OBC a letter once again said official world gold reserves have reached 1170 million fine troy ounces the most since the 70s.
Over the last 13 years, World Central Bank's gold holdings are up 21%.
Global reserves are now even higher than just before Nixon broke the U.S.
dollars linked to gold in 71.
In 2022 and 2023 alone, World Central Banks bought 1,081 and 1,037 tons of gold, respectively.
Meanwhile, gold is up 15% year to date and 85% over the last five years.
Gold is back and stronger than ever.
So once again, You could see that there are central banks.
They are purchasing like crazy.
And I do believe more and more central banks are going to be purchasing, which means certain countries, they understand what's happening.
The system's breaking down.
They're hedging their bets and they're protecting themselves.
The same with Bitcoin.
People see what's happening.
People are getting nervous and they're shifting into alternative currencies.
Now, again, the private was a central bank doesn't want anyone shifting their currency, their fiat currency into A alternative currency like gold or silver or Bitcoin.
Can you imagine if 50% of the country does this or 50% of the world does this?
What would happen to the private Western Central Bank system?
It would completely implode on itself.
And if everyone did business using the alternative currencies, well, I don't think it would affect the people as much as people think it would because all they have to do is take what they have and use that instead Of the fiat currency and actually people could be paid in alternative currencies.
But once again, you can see that the Biden administration, the central bank, they don't want people going to alternative currencies.
And what's very interesting, and this is coming from Bitcoin Magazine on X, it says, U.S.
Senators say Biden's DOJ is threatening to criminalize Bitcoin software development in America and sends them a letter to reverse course.
Why would the DOJ Criminalize Bitcoin software development in America.
Oh, that's right.
The criminal syndicate doesn't want anyone using anything but the Federal Reserve note.
This is how the central bank puts pressure on software developers that have to do with alternative currencies, gold miners, everything else, because once they see it as a threat, they go after Those individuals.
And I do believe Elon Musk pretty much sums it up how the Federal Reserve works.
And he took the definition from Monopoly, the Monopoly game.
And it says, what if the bank runs out of money?
Some players think the bank is bankrupt if it runs out of money, but the bank never goes bankrupt to continue playing.
You slips of paper to keep track of each player's bank transactions until the bank has enough paper money to operate again.
The banker may also issue new money on slips of ordinary paper.
Hmm.
Sounds very, very similar to what's happening today.
The Federal Reserve, which is the central bank in this country, never runs out of money.
If they do, all they got to do is create more slips of paper and hand them out.
Think about it for a second.
But you can see there are certain states, they are now moving away or preparing for what is coming.
U.S.
State Rep asked whether New Hampshire should allocate Bitcoin to its strategic reserves.
A 5% allocation in 2016 would have been worth $500 million today.
See, people are catching on.
And we also have a reintroduction of a bill that was already submitted, but it looks like U.S.
Representative Alex Mooney, he is now resubmitting this proposal, which is very interesting.
And the timing is very interesting.
And this is the Monetary's Metal Tax Neutrality Act, H.R.
8279, a piece of sound money legislation that proposes removing all federal income taxation from gold and silver coins and bullion.
My view, which is backed by language in the U.S.
Constitution, is that gold and silver coins are money and are a legal tender.
And he's absolutely right, and I do believe this is in preparation to go back to the Constitution, because when the entire system completely and utterly implodes on itself, all these bills will just be sitting there and waiting.
This is what the deep state normally does, but look what's happening.
The good guys are doing it.
They're putting these bills into place.
They're introducing certain bills to prepare and get ready for what is coming.
Now, when the entire system completely implodes and the fiat currency Completely devalues like we've never seen before and we see inflation like crazy.
What's going to happen?
People are going to be angry.
People are going to be pissed off.
People are going to want answers.
What can we do to make the situation better?
And I do believe Trump and the Patriots they can use this as leverage.
Because now the central bank is at their weakest point.
The central bank really can't tell people, hey, let's do this.
This will make it a lot better because they're the ones who caused the problem.
Remember, they're the ones who's been telling everyone that everything is going to be great.
It's going to be soft landing.
Inflation is under control.
As we get closer and closer to the presidential election and everything implodes, well, people aren't going to really believe them, just like people don't believe the CDC, the FDA, the way they used to.
They lost credibility.
I think the Fed is going to lose credibility in the end, which means all these bills that are just sitting there, the bills about Bitcoin, the bills about going back to the Constitution, about gold, about taxes.
I do believe these will be used against the private what's the central bank system, and it will allow the people to regain power.
And I do believe this is where all this is at.
Now, I don't I'm not saying that when the system comes crashing down, they're going to vote on this the next day and everything's going to be perfectly fine.
It will take a couple of weeks, maybe a month or two where they say, you know, something it's it's getting worse and worse.
What do we do?
Because remember, as soon as we have a crash, it's not like everyone says, OK, what do we do now?
No, they wait.
All right.
Is it going to improve?
Is it a dead cat bounce?
What's going on?
Are we in a recession?
Is things as bad as they're saying?
And then as the system continually breaks down and things start to fall apart, that's when people start to say, hey, what's going on here?
I see a lot of layoffs.
I see a lot of people struggling right now.
What are we going to do to fix this?
And I do believe this will probably be a couple of weeks, a couple of months out.
And I do believe when Trump wins the election, he will have certain solutions that we will need to push forth.
Now, again, he doesn't come into office until January.
The elections are in November.
So we do have December and then part of January where it might be a little rough before they're able to push something through because do you think the deep state, They're going to be sitting there going, yeah, let's fix everything.
Let's make it better.
No, I doubt it.
You think the Congress is going to say, hey, let's make things better?
No, I think they'll try to make things better for themselves.
I don't think they're going to make it better for the people.
So it's going to be still a rough period of time.
And you're going to see still the Biden administration, Congress, they're going to make it even worse as we move forward.
But I do believe Trump, he will have the solutions.
He will let the people know.
And I wouldn't be surprised if the people say, we need you to step in now.
This is ridiculous.
Don't know if he actually can, but we'll see how this all plays out.
That'll be very, very interesting.
But once again, I do believe the Patriots, they're going to shift everything away from the private Western Central Bank system.
Listen everyone, thanks a lot for listening.
Be well, be safe, and especially be prepared.
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